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Research associate hiring summary. Here are some key points about hiring research associates in the United States:
Here's a step-by-step research associate hiring guide:
A research associate is responsible for assisting the research team, organizing and interpreting findings, and verifying information before presenting the study to the board. Research associates duties also include gathering and comparing data from multiple sources, analyzing the current industry trends, creating draft outlines for reports, collecting individual contacts for interview purposes, and helping with the development of research procedures. A research associate must have excellent time-management skills and ability to multi-task, especially on meeting strict deadlines and conducting studies.
The research associate hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A research associate's background is also an important factor in determining whether they'll be a good fit for the position. For example, research associates from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of research associates and their corresponding salaries.
| Type of Research Associate | Description | Hourly rate |
|---|---|---|
| Research Associate | A Research Associate plans, organizes, and conducts research in scientific, cultural, historical, or artistic. They conduct literature, collect and analyze data, and recruit and/or interview new people. | $19-41 |
| Scientist | A scientist is responsible for researching and analyzing the nature and complexities of the physical world to identify discoveries that would improve people's lives and ignite scientific knowledge for society. Scientists' duties differ in their different areas of expertise, but all of them must have a broad comprehension of scientific disciplines and methods to support their experiments and investigations... Show more | $32-67 |
| Laboratory Researcher | Laboratory researchers are professionals who manage a research laboratory while performing cellular and biochemical experiments with the primary researcher. These researchers must work with hazardous chemicals and should show expertise in handling lab equipment such as glassware and field equipment... Show more | $8-20 |
Including a salary range in your research associate job description helps attract top candidates to the position. A research associate salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a research associate in South Dakota may be lower than in Massachusetts, and an entry-level research associate usually earns less than a senior-level research associate. Additionally, a research associate with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $72,205 | $35 |
| 2 | New Jersey | $69,764 | $34 |
| 3 | District of Columbia | $68,100 | $33 |
| 4 | Delaware | $65,978 | $32 |
| 5 | California | $63,461 | $31 |
| 6 | Georgia | $61,616 | $30 |
| 7 | Illinois | $61,394 | $30 |
| 8 | New York | $60,288 | $29 |
| 9 | Oregon | $59,206 | $28 |
| 10 | North Carolina | $58,561 | $28 |
| 11 | Florida | $57,821 | $28 |
| 12 | Maryland | $57,794 | $28 |
| 13 | Pennsylvania | $56,868 | $27 |
| 14 | Minnesota | $56,168 | $27 |
| 15 | Washington | $54,420 | $26 |
| 16 | Virginia | $52,805 | $25 |
| 17 | Maine | $52,730 | $25 |
| 18 | Louisiana | $52,633 | $25 |
| 19 | Ohio | $52,279 | $25 |
| 20 | Colorado | $52,162 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | The Citadel | $121,378 | $58.35 | 9 |
| 2 | Urban Institute | $116,707 | $56.11 | 3 |
| 3 | Putnam Investments | $114,559 | $55.08 | |
| 4 | Edelman Financial Engines | $114,270 | $54.94 | |
| 5 | BMO Capital Markets | $113,274 | $54.46 | |
| 6 | $113,097 | $54.37 | 149 | |
| 7 | Neuberger Berman | $111,652 | $53.68 | 3 |
| 8 | Pacific Investment Management Company LLC | $111,228 | $53.48 | 10 |
| 9 | PDT Partners | $110,078 | $52.92 | 5 |
| 10 | Sentinel Benefits | $109,950 | $52.86 | |
| 11 | Wedbush Securities | $109,663 | $52.72 | |
| 12 | AQR Capital Management | $109,174 | $52.49 | 1 |
| 13 | Dodge & Cox | $108,344 | $52.09 | 1 |
| 14 | Microsoft | $107,647 | $51.75 | 295 |
| 15 | Cowen | $107,255 | $51.56 | |
| 16 | International Center for Research on Women | $107,034 | $51.46 | |
| 17 | Coatue Management | $106,671 | $51.28 | |
| 18 | William Blair | $106,348 | $51.13 | 6 |
| 19 | Sterne Agee & Leach Inc | $106,201 | $51.06 | |
| 20 | Royal Bank of Canada | $105,811 | $50.87 | 3 |
A research associate job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a research associate job description:
To find the right research associate for your business, consider trying out a few different recruiting strategies:
Your first interview with research associate candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the research associate candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new research associate first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Hiring a research associate comes with both the one-time cost per hire and ongoing costs. The cost of recruiting research associates involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of research associate recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for research associates is $60,166 in the US. However, the cost of research associate hiring can vary a lot depending on location. Additionally, hiring a research associate for contract work or on a per-project basis typically costs between $19 and $41 an hour.